Russell Investments Group Ltd. grew its position in Columbia Sportswear Company (NASDAQ:COLM - Free Report) by 1,352.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,831 shares of the textile maker's stock after buying an additional 70,611 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Columbia Sportswear worth $5,740,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth $207,000. Nuveen LLC purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth $4,981,000. CCM Investment Group LLC purchased a new stake in shares of Columbia Sportswear in the 1st quarter worth $584,000. Virtu Financial LLC lifted its holdings in shares of Columbia Sportswear by 65.5% in the 1st quarter. Virtu Financial LLC now owns 6,391 shares of the textile maker's stock worth $484,000 after buying an additional 2,530 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in shares of Columbia Sportswear by 32.8% in the 1st quarter. Headlands Technologies LLC now owns 21,720 shares of the textile maker's stock worth $1,644,000 after buying an additional 5,359 shares during the period. 47.76% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Sportswear Price Performance
Shares of COLM stock opened at $54.01 on Thursday. Columbia Sportswear Company has a 1-year low of $48.10 and a 1-year high of $92.88. The stock's fifty day moving average price is $58.52 and its 200 day moving average price is $67.73. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 13.78 and a beta of 1.00.
Columbia Sportswear (NASDAQ:COLM - Get Free Report) last announced its earnings results on Thursday, July 31st. The textile maker reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.09. Columbia Sportswear had a return on equity of 12.97% and a net margin of 6.59%.The firm had revenue of $605.25 million for the quarter, compared to the consensus estimate of $587.97 million. During the same period in the previous year, the business earned ($0.20) EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Columbia Sportswear has set its Q3 2025 guidance at 1.000-1.200 EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Columbia Sportswear Company will post 4.1 earnings per share for the current year.
Columbia Sportswear Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, August 21st. Columbia Sportswear's payout ratio is 30.61%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Citigroup lowered their target price on Columbia Sportswear from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Cfra Research upgraded Columbia Sportswear to a "hold" rating in a report on Monday, August 4th. Needham & Company LLC initiated coverage on Columbia Sportswear in a report on Friday, May 30th. They issued a "hold" rating on the stock. Stifel Nicolaus cut their price target on Columbia Sportswear from $75.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, UBS Group cut their price target on Columbia Sportswear from $45.00 to $40.00 and set a "sell" rating on the stock in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.80.
Get Our Latest Report on Columbia Sportswear
About Columbia Sportswear
(
Free Report)
Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.
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